Exhibit 10 Determining Inventory at Lower of Cost or Market LCMI Lower of Cost or Market (LOMI itum Cost Market Inventory Cost per Quantity Unit $10.25 120 22.50 600 8.00 280 14.00 Echo Foxtrot Serra Tango Total 400 Market Value per Unit (Net Realizable Value $9.50 24.10 7.75 14.75 5.4.100 2,700 4,800 2920 $15.529 $ 1.800 2,592 4.650 4130 5 2.800 2,700 4,650 3.920 $15,079 (1) Applied Individual item bylo $15.472 Class 1: Echo Foxtrot Subtotal 400 120 $10.25 22.50 $ 9.50 24.10 $ 4100 2.200 $16.800 $ 3.800 2.882 $16692 $ 6.692 (2) Applied Class by Class Class 2 Serta Tango Subtotal Total 600 280 8.00 14.00 7.75 14.75 $ 4.800 1920 58220 515529 $ 4650 4010 51280 515472 1.720 $15,412 Echo Foxtrot 400 120 600 280 $10.25 22.50 BLOO 14.00 5.9.50 24.10 7.75 14.75 $4,100 2,700 4.800 3920 515.520 $ 2,800 2,892 4650 41:10 15422 Applied to Total Tango Total $15.472 Lower-of-Castor Market Method On the basis of the following data, determine the value of the mentory at the lower-of-cost-or-market by soplying lower-of-couter-market to each inventory shown in Exhibit 10 Item Inventory Quantity FW1 69 SAWO 144 Market Value per Unit Cost per Unit (Net Realizable Value) $25 $28 13 11